Bill to Ban Private Equity from Owning Medical Practices
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Bill to Ban Private Equity from Owning Medical Practices
Unofficial Hacker News client; not affiliated with Y Combinator.
NegativeK · · focus · HN ↗
I already hear the downsides frequently from someone whose work is directly affected.
tbrownaw · · focus · HN ↗
Step back and look at what it fundamentally is.
Person A has a business they want to sell.
Person B has a pile of money and thinks that that business is (or can be) a good investment.
That's it.
So, what happens if person A is prohibited from selling their business? Are they forced to keep working because they don't have enough other savings to retire on? Do they shut the business down in order to retire? Something else?
.
Calls to ban private equity are attempts to play "shoot the messenger".
__MatrixMan__ · · focus · HN ↗
Sell the assets maybe, potentially to somebody who wants to use them to run the same kind of business in the same kind of location with the same employees.
It's hostile to the consumer to call it the same business. A name change gives them the opportunity to decide for themselves whether the new owner is worth supporting. It's similarly hostile to the employees to assume that their loyalties can be bought and sold. Let the new owner of the assets re-hire them for the same position in the same location if he wants to, but lets not have them be for sale.
solidsnack9000 · · focus · HN ↗
Well, that is actually a wild thing to say. How could it not be a sellable thing?
The people who presently own the business have a property interest in it -- that's fundamental.